Commerce Secretary nominee

President Barack Obama announces that he will nominate Chicago business executive Penny Pritzker, right, for Commerce Secretary and economic adviser Mike Froman for trade representative today in the Rose Garden at the White House. If approved by the Senate, the two appointments will round out the administration's economic team for Obama's second term.

President Barack Obama announces that he will nominate Chicago business executive Penny Pritzker, right, for Commerce Secretary and economic adviser Mike Froman for trade representative today in the Rose Garden at the White House. If approved by the Senate, the two appointments will round out the administration's economic team for Obama's second term. (Mark Wilson, Getty Images)

President Barack Obama announces that he will nominate Chicago business executive Penny Pritzker, right, for Commerce Secretary and economic adviser Mike Froman for trade representative today in the Rose Garden at the White House. If approved by the Senate, the two appointments will round out the administration's economic team for Obama's second term.Mark Wilson, Getty Images